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Tuesday, 08 March 11
THE PANAMAX MARKET THIS WEEK FIRMED UP - BRS
 Underlining the unpredictability of the current market, rates for all dry bulk segments swung up again last week. Stronger exports out of South America lifted the smaller sizes, while better transatlantic demand pushed Cape rates up.
In the iron ore segment, a short-term surge in demand seems possible after India imposed new export taxes on the commodity. The Federation of Indian Mineral Industries said it expected ore exports to fall between 30-35% a year as a result. Nearly all of India’s iron ore shipments are destined for China, and it is expected there could be a rush of Chinese buying before the tax is imposed on April 1. So far, existing contracts out of India are being honoured, but with next to no fresh contracts being signed, the impact of the change is likely to be more obvious next month.
Supramax/Handy
The Supramax market continued its upward trend from the previous week, and the BSI gained 6% to reach a TC average of US$15,340 by Friday. The increase was much stronger in the Pacific basin than in the Atlantic, and the NOPAC round gained 13% to reach about US$15,500 by the end of the week. Despite better market conditions in the Pacific, owners with Supras in the Atlantic were reluctant to fix them for a trip out. The market in the Continent was strong thanks to scrap and fertilizer orders, Supras getting about US$20,000 for a trip with scrap from Cont/Baltic with redelivery east Med, and the same level was fixed for dop Continent and redelivery China via the Cape of Good Hope. The US Gulf market remained stable with Supras getting fixed at US$24,000 basis dop USG and redelivery Skaw/Passero range, whereas USG to the East was fixed in the low US$30,000s per day. The Pacific market started strong, with index type Supras getting mid teens for Pacific rounds, while India positioned ships were fixing at similar levels out of the west coast, and mid/high teens out of the east. Rates steadily picked up towards the end of the week (due to tonnage getting tight for mid March dates), while a flurry of fixing resulted in ships in the Far East getting closer to high teens for Pacific rounds. West coast India to China was fixing in the mid/ high teens, and east coast India remained at similar levels. Backhaul on Supras climbed to close to US$10,000, up from around US$7-8,000. Short period was around mid to mid/high teens, depending on specs and position, and this remained steady all week.
Panamax
The Panamax market this week firmed up in all basins, with a week-on-week increase of over US$1,000 in the Atlantic to reach US$16,000 per day, and more than US$1,500 in the Pacific, to close at US$14,800 per day, pushing the 4TC average to US$16,000 per day. These trends were against a pretty high global offering of tonnage (especially in the Atlantic), except in the Indian Ocean which was clearly under pressure due to a lack of candidates able to carry iron ore to China, or to ballast to pick up grains for China via ECSA. This route was paying around US$19,000 per day for delivery India. Period activity, linked to the firmer FFA market, increased by US$1,000 per day ie around US$18,000 per day on a TESS 74 delivery Far East for short period.
Capesize
An 8% increase in the BCI this week, with greater activity in the Atlantic pushing rates. The BCI finished on Friday at 1,427 points, while the time charter average limped above US$5,700 per day. The prospects of more activity out of Australia gave some small confidence to the market, and April and May FFA rates rose to US$14,500 and US$16,400 respectively. Monday saw another US1,000 added to the 4TC, which suggests greater confidence for the week ahead, though which the current volatility there seems to be no certainty it will last.
Reported by - Barry Rogliano Salles
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Friday, 04 March 11
IRON ORE FROM INDIA HAS BEEN QUIET
Handy
Activity has been gradually rising in the Atlantic but it is mostly confined to the USG market. Short period basis redelivery Atlantic has b ...
Thursday, 03 March 11
TNPL INDIA LOOKING FOR 160,000 MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. is seeking to import 160,000 plus minus 5 percent metric tons of non-coking coal with Gross Calo ...
Wednesday, 02 March 11
MIXED FORTUNES FOR DRY BULK OWNERS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the dry bulk market has been on the positive side this week, things still look quite uncertain in the near term, with most owners puzzled a ...
Wednesday, 02 March 11
INDIA, 2ND LARGEST IMPORTER OF INDONESIAN COAL IN 2010
COALspot.com: Indonesia, the world largest coal exporter, shipped 24.68 million tons of coal in January 2011, which was 1.19 percent higher Y-o- ...
Tuesday, 01 March 11
GANGAVARAM PORT, AN INDIAN MODERN PORT CREATES RECORD
COALspot.com - Gangavaram Port, the deepest and the most modern port in India creates yet another record by discharging 65349 MT Coking Coal in 24 h ...
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Showing 5356 to 5360 news of total 6871 |
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- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Planning Commission, India
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
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